Growth was strongest in the Asian-Pacific region, especially China, where consumers favored higher-priced items such as trench coats and leather bags. Combined retail and wholesale revenue in the Asian-Pacific region increased 15% to £447 million in the second half. Read more at WSJ.

A day after Louis Vuitton raised anxieties that China’s wealthy were tightening their purse strings, Burberry posted better-than-expected quarterly sales precisely because of stronger luxury demand in mainland China and Hong Kong. Read more at Quartz

LONDON (AP) — Fashion company Burberry reported an 11 percent increase in sales for the fourth quarter, as China and Hong Kong buyers continued to snap up the luxury retailer’s wares. Read more at SCMP.